David Hamilton has been promoted to executive vice president of acquisitions and inventory management at EMC Mortgage Corp., Irving, Texas, and Jo-Karen Whitlock was been promoted to senior vice president of conduit.Mr. Hamilton was promoted to EVP after 14 years at EMC, most recently as senior vice president. He has overseen various departments, including due diligence, asset evaluation, and trading support, the company said. Before joining EMC, Mr. Hamilton served on the retail originations side of the mortgage industry with such companies as The Associates, Manufacturers Hanover, Anchor Mortgage Services, and Equitable Banc Mortgage Corp. Ms. Whitlock has more than 25 years of industry experience, the last three of them with EMC. She was previously regional underwriting manager for Wells Fargo Home Mortgage, vice president of GMAC/RFC, and underwriting manager and risk manager at Fannie Mae, among other positions.
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GSE loans between 30 and 59 days late on their payments saw a 13 basis point rise in delinquency rates, while most non-agency MBS types saw annual increases.
34m ago -
New American Funding also promoted Stacy Chevalier Northwest regional vice president, and MISMO added three members to its board of directors.
34m ago -
A lawsuit claims the bureau regularly assigns higher-responsibility examination work to Black workers without corresponding pay bumps or promotions.
34m ago -
House Democrats on the Financial Services Committee said the more than 400-page Community Reinvestment Act proposal warrants more time for review, given its sweeping implications for community development and bank lending.
September 25 -
As tech firms increasingly rely on debt to build out their artificial intelligence buildouts, long-dated U.S. Treasuries are facing heightened competition.
September 25 -
A judge found United Wholesale Mortgage did not break the law in its handling of the retirement plan, which ex-workers say cost them a collective $1.8 million.
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